Chip stocks hit lowest level against the S&P 500 since April 2026
The SOX-to-S&P 500 ratio fell to 1.45, its lowest since April 2026, after an eight-day chip stock losing streak erased over $1 trillion in value. The post Chip stocks hit lowest level against the S&P 500 since April 2026 appeared first on Crypto Briefing.
AI summary
The Philadelphia Semiconductor Index (SOX) fell to a ratio of 1.45 against the S&P 500, its lowest since April 2026, after an eight-day losing streak in chip stocks wiped out more than $1 trillion in market value. The selloff reflects broad risk-off pressure in tech equities, which often correlates with weaker appetite for risk assets like crypto. Traders should watch whether the drawdown deepens, as sustained equity weakness could weigh on bitcoin and altcoin sentiment.
Narrative history
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49M AGOYou’re reading thisChip stocks hit lowest level against the S&P 500 since April 2026Crypto Briefing · Score 45
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15 OCT · 09:48Cointelegraph · Score 55 · via lowest, since April
